You have just received word that you are receiving a $425,000 inheritance from your Aunt Sarah. In order to prove that you are financially responsible and will make best use of the funds, Aunt Sarah has requested that you present a detailed report on how you will manage the funds the she worked so hard to earn. Here are the stipulations:

A.)$42,500 Minimum - Aunt Sarah understands that thankfulness and happiness comes from helping others. She wants you to donate this money to at least three different charities or religious organizations of your choice. She asks that you carefully consider the many opportunities and causes that you can help with this money. She also asks that you take some of your time to help others whenever you can possibly do so.

B.)$42,500 Maximum - Aunt Sarah realizes that you may want to splurge on a big-ticket item, pay off current debt, upgrade your automobile, take a vacation, or satisfy some other desire/need. She is allowing you to spend up to $25,000 now to satisfy this area.

REQUIREMENTS:

1.)While respecting the wishes of your Aunt Sarah, write an essay that describes your plans for your inheritance which includes the following:

a.An itemized listing of exactly how you will spend/invest the entire $425,000. (10 points)

Explain your reasons for your charitable giving choices